1. Average Hourly Earnings (Monthly) (Jul)

Current: 0.3%

Projection: 0.3%

Previous: 0.2%

IN MY OPINION slightly negative for Crypto, came in line with the projection, but wage growth still indicates inflationary pressure which may lead Powell to continue with his charade of REASONS not to Cut Interest Rates.

2. Non-Farm Payroll Report (Jul)

Current: 73K

Projection: 106K

Previous: 14K

Positive for Cryptos, came well below expectations, signaling a slowdown in the LABOR market, notice here that last time Powell wanted to see this falling, meaning we are within what he said he wanted, of course, we know it's just an excuse and soon he will say he needs something else, but still, it reduces his excuses.

3. Unemployment Rate (Jul)

Current: 4.2%

Projection: 4.2%

Previous: 4.1%

Positive for Crypto, the increase in the unemployment rate reinforces the argument of economic slowdown, which will also pressure Powell to cut, of course, if he were just doing his job and not playing Politics.

4. Industrial PMI (Jul)

Current: 49.8

Projection: 49.5

Previous: 52.9

THERE'S ALWAYS a point where most analysts go wrong and misunderstand in any way, making their supporters misunderstand the whole game... and in this case, that's the data...

Below 50 = contraction. Came slightly above the projection, but still lower than the PREVIOUS, and of course, shows a loss of strength in the industrial sector, reinforcing the slowdown scenario and creating even more reasons for Powell to cut interest rates.

5. ISM Industrial PMI (Jul)

Current: 48.0

Projection: 49.5

Previous: 49.0

Good for Crypto, new industrial contraction stronger than expected.

The summary here is...

The data is mostly good for the Crypto market and for #BTC but THE BIG issue is that many large accounts, especially on X, end up misunderstanding a wrong point of the data or just cling to something that came out bad and end up disregarding everything else, and due to their large reach there, they cause foolish panic among small investors.

Obviously, some few large accounts will also notice this and will post the correct opinion, but until that is done, the downward movement in the market is normal, so we should try to reverse this.

We have a bad chart on Bitcoin, we need to improve this in the next 2 hours.

The tip here is;

LEARN, this way you will never be held hostage by others' interpretations!